NATIONAL Sensex at new peaks of 7859.53 on mfs buying spree After a two-day pause, a dramatic bout of buying spree, largely in small-cap stocks, today (August 17, 2005) drove the sensex by 91 points to new peaks of 7859.53 on the Bombay Stock Exchange (BSE) despite concerns over high crude price.
Govt will find money to fund Rural Job Scheme: FM The Government today (August 17, 2005) indicated it would not have any problems in funding the ambitious job scheme that promises 100 days employment to all rural families, which would be rolled out soon after Parliament passes the bill.
PSU disinvestment not put in the back burner: FM A day after the Centre formally called off strategic sale of stakes in 13 profit-making PSUs, Finance Minister P Chidambaram today (Aug 17, 2005) said disinvestment had not been put on the back burner and indicated that it would be taken up after discussing with Left parties.
Reliance Cap to look for more acquisitions: Anil ADA Enterprises Chief Anil Ambani today (August 17, 2005) said his group company Reliance Capital would explore investment opportunities like Adlabs Films, where its investment of Rs 360 crore appreciated more than 100 per cent within two months of acquisition.
Govt to unveil 'Outcome Budget' in this session The United Progressive Alliance (UPA) government will for the first time unveil in Parliament, an "outcome budget" to gauge the effectiveness of government spending on various projects with the Planning Commission completing evaluation of the reports given by various ministries. "It will be presented, perhaps next week. The Parliament requires three days notice," Finance Minister P Chidambaram told PTI here today (August17, 2005).
Fuel prices may not be hiked till end of session Petrol and diesel prices are unlikely to be changed before the end of the current monsoon session of Parliament, a top official said today (Aug 17, 2005).
BJP to oppose FDI in vend sec, UPA in diluting EGS The Opposition Bharatiya Janata Party (BJP) today (Aug 17, 2005) decided to steadfastly oppose Foreign Direct Investment (FDI) in retail sector and any attempts by the United Progressive Alliance (UPA) Government to 'dilute' the Employment Guarantee Scheme.
Sensex up by 31 pts, small-cap by 84 pts The BSE benchmark 30-share index (sensex) and Small-cap index today (August 17, 2005) rallied smartly in an otherwise lacklustre activity during morning trading on the Stock Exchange, Mumbai (BSE) on fairly good buying support.
